Research Article

Government Expenditures and Economic Growth: An Analysis of Developed, Developing and Underdeveloped Countries

Volume: 6 Number: 4 April 12, 2018
TR EN

Government Expenditures and Economic Growth: An Analysis of Developed, Developing and Underdeveloped Countries

Abstract

This paper assess how the government expenditures affected economic growth in developed, developing and underdeveloped countries by using the unbalanced panel approach for the period of 1980-2012. The results indicate that government spending has positive significant impact on economic growth in fixed and random effect models for underdeveloped countries, while for developed countries there is a significant negative relationship between government expenditure and economic growth in both fixed and random effect models. For the developing countries government spending has negative significant impact on economic growth in case of fixed effect model, while for the random effect model, there is positive and insignificant relationship of government spending to economic growth.   

Keywords

References

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  3. Alexiou, C. (2009). Government Spending and Economic Growth: Econometric Evidence from the Southern Eastern Europe. Journal of Economic and Social Research, 11, 1-16.
  4. Arpaia, A., & Turrini, A. (2008). Government Expenditure and Economic Growth in the EU: Long-Run Tendencies and Short Term Adjustment. Economic and Financial Affairs, 1-52.
  5. Bader, S. A., & Abu-Qarn, A. S. (2012). Government expenditures, Military Spending, and Economic Growth: Causality Evidence from Egypt, Israel and Syria. Working paper, 1-25.
  6. Baldacci, E., Gupta, S., & Granados, C. M. (2013). Debt Reduction, Fiscal Adjustment, and Growth in Credit Constrained Economies. IMF Working Paper, WP/13/238.
  7. Barro, R. J. (1990). Government Spending in a Simple Endogenous Growth Model. Journal of Political Economy, 98, 103-125.
  8. Barro, R. J. (1996). Democracy and Growth. Journal of Economic Growth, 1, 1-27.

Details

Primary Language

English

Subjects

-

Journal Section

Research Article

Authors

Ensar Ağırman *
ATATÜRK ÜNİVERSİTESİ
Türkiye

Ömer Yılmaz
ATATÜRK ÜNİVERSİTESİ
Türkiye

Publication Date

April 12, 2018

Submission Date

January 31, 2018

Acceptance Date

February 11, 2018

Published in Issue

Year 2018 Volume: 6 Number: 4

APA
Ağırman, E., & Yılmaz, Ö. (2018). Government Expenditures and Economic Growth: An Analysis of Developed, Developing and Underdeveloped Countries. Anemon Muş Alparslan Üniversitesi Sosyal Bilimler Dergisi, 6(4), 519-529. https://doi.org/10.18506/anemon.385016
AMA
1.Ağırman E, Yılmaz Ö. Government Expenditures and Economic Growth: An Analysis of Developed, Developing and Underdeveloped Countries. Anemon Muş Alparslan Üniversitesi Sosyal Bilimler Dergisi. 2018;6(4):519-529. doi:10.18506/anemon.385016
Chicago
Ağırman, Ensar, and Ömer Yılmaz. 2018. “Government Expenditures and Economic Growth: An Analysis of Developed, Developing and Underdeveloped Countries”. Anemon Muş Alparslan Üniversitesi Sosyal Bilimler Dergisi 6 (4): 519-29. https://doi.org/10.18506/anemon.385016.
EndNote
Ağırman E, Yılmaz Ö (August 1, 2018) Government Expenditures and Economic Growth: An Analysis of Developed, Developing and Underdeveloped Countries. Anemon Muş Alparslan Üniversitesi Sosyal Bilimler Dergisi 6 4 519–529.
IEEE
[1]E. Ağırman and Ö. Yılmaz, “Government Expenditures and Economic Growth: An Analysis of Developed, Developing and Underdeveloped Countries”, Anemon Muş Alparslan Üniversitesi Sosyal Bilimler Dergisi, vol. 6, no. 4, pp. 519–529, Aug. 2018, doi: 10.18506/anemon.385016.
ISNAD
Ağırman, Ensar - Yılmaz, Ömer. “Government Expenditures and Economic Growth: An Analysis of Developed, Developing and Underdeveloped Countries”. Anemon Muş Alparslan Üniversitesi Sosyal Bilimler Dergisi 6/4 (August 1, 2018): 519-529. https://doi.org/10.18506/anemon.385016.
JAMA
1.Ağırman E, Yılmaz Ö. Government Expenditures and Economic Growth: An Analysis of Developed, Developing and Underdeveloped Countries. Anemon Muş Alparslan Üniversitesi Sosyal Bilimler Dergisi. 2018;6:519–529.
MLA
Ağırman, Ensar, and Ömer Yılmaz. “Government Expenditures and Economic Growth: An Analysis of Developed, Developing and Underdeveloped Countries”. Anemon Muş Alparslan Üniversitesi Sosyal Bilimler Dergisi, vol. 6, no. 4, Aug. 2018, pp. 519-2, doi:10.18506/anemon.385016.
Vancouver
1.Ensar Ağırman, Ömer Yılmaz. Government Expenditures and Economic Growth: An Analysis of Developed, Developing and Underdeveloped Countries. Anemon Muş Alparslan Üniversitesi Sosyal Bilimler Dergisi. 2018 Aug. 1;6(4):519-2. doi:10.18506/anemon.385016

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